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Intuit Inc Issues FY 2014 Mixed Guidance; Issues Q1 2014 Guidance Below Analysts' Estimates


Tuesday, 20 Aug 2013 04:05pm EDT 

Intuit Inc announced that for fiscal 2014, it expects revenue of $4.440 billion to $4.525 billion, GAAP operating income of $1.347 billion to $1.377 billion, Non-GAAP operating income of $1.580 billion to $1.610 billion, GAAP diluted EPS of $3.11 to $3.19 and Non-GAAP diluted EPS of $3.52 to $3.60. For the first quarter of 2014, it expects revenue of $595 million to $605 million, GAAP operating loss of $88 million to $93 million. Non-GAAP operating loss of $30 million to $35 million, GAAP net loss per share of $0.10 to $0.11 and Non-GAAP loss per share of $0.10 to $0.11. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $4.526 billion; EBIT of $1.578 billion and EPS of $3.52 for fiscal 2014; revenues of $619 million; EBIT of $(13.08) million and EPS of $(0.03) for the first quarter of 2014. 

Company Quote

80.42
-0.64 -0.79%
10 Jul 2014